Cover image via U.Today

封面图片来自 U.Today

The meme coin ecosystem is witnessing a significant shift, with newcomers like NEIRO challenging veteran players such as Dogecoin (DOGE) and Shiba Inu (SHIB). Recent liquidation data provides insights into investor sentiment, indicating a potential major upheaval.

模因币生态系统正在经历重大转变，像 NEIRO 这样的新来者挑战了狗狗币 (DOGE) 和柴犬 (SHIB) 等老牌玩家。最近的清算数据提供了对投资者情绪的洞察，表明潜在的重大动荡。

Current Meme Coin Liquidation Outlook

当前 Meme 币清算前景

CoinGlass data reveals a moderate combined market liquidation of $180.25 million, involving 59,547 traders.

CoinGlass 数据显示，市场总清算金额为 1.8025 亿美元，涉及 59,547 名交易者。

Beyond Bitcoin (BTC) and Ethereum (ETH), NEIRO stands out with a liquidation of $8.71 million, eclipsing Dogecoin's $3.07 million.

除了比特币 (BTC) 和以太坊 (ETH) 之外，NEIRO 也以 871 万美元的清算额脱颖而出，超过了狗狗币的 307 万美元。

NEIRO's liquidation also exceeds those of Dogwifhat (WIF) and PEPE, signaling an intense sell-off. This surge follows NEIRO's recent all-time high (ATH) of $0.001524, fueled by a 51% increase in the past 24 hours.

NEIRO 的清算量也超过了 Dogwifhat (WIF) 和 PEPE，这预示着强烈的抛售。此次飙升是 NEIRO 在过去 24 小时内上涨 51% 的推动下创下近期历史新高 (ATH) 0.001524 美元。

The surge in NEIRO's liquidation highlights the overexposure of traders and could trigger further liquidations.

NEIRO 清算激增凸显了交易者的过度暴露，并可能引发进一步清算。

Can Established Meme Coins Compete with Newcomers?

老牌 Meme 币可以与新来者竞争吗？

The liquidation heatmap on CoinGlass notably excludes Shiba Inu, suggesting a shift in investor attention towards more volatile and potentially more lucrative alternatives.

CoinGlass 上的清算热图明显排除了 Shiba Inu，这表明投资者的注意力已转向波动性更大且可能更有利可图的替代品。

This trend raises questions about the sustainability of older meme coins like DOGE, SHIB, Floki, PEPE, BONK, and WIF.

这一趋势引发了人们对 DOGE、SHIB、Floki、PEPE、BONK 和 WIF 等老模因币可持续性的质疑。

While initial hype alone cannot guarantee long-term success, utility is emerging as a defining factor for meme coin value. Notably, Shiba Inu is pioneering with the launch of Shibarium, while BONK and WIF have integrated into the Solana ecosystem.

虽然最初的炒作本身并不能保证长期的成功，但实用性正在成为模因币价值的决定性因素。值得注意的是，Shiba Inu 率先推出了 Shibarium，而 BONK 和 WIF 已融入 Solana 生态系统。

The survival and potential dominance of new meme tokens depend on their ability to deliver tangible value to their respective communities.

新模因代币的生存和潜在主导地位取决于它们为各自社区提供有形价值的能力。